No trust in KSL BOD.

Buy on dips.

Share price is controlled around 80 sen. If warrant exercise price is less than 80 sen, warrant holders should be in the money.

Friday is when those short termers on T+3 have to dump their shares.

Should see the bottom after today's usual 'Friday cheap sale'.

Typo error again. I meant to post: KPS's total secured borrowings at RM581M is LESS than as at 30th June 2018 of RM636M and slightly MORE than as at 31st Mar 2018 of RM575M.

Selling seems to have stopped at RM1.23.

At least Fart1 admits mistake. Fart2 can make no mistake.

@rogers123. This is a forum where investors contribute info and opinions that adds value. If you want to fart or polish your ego, please go somewhere else!

Special dividend likely to come next quarter when payment is received.

@i3Value. The edge article has several important factual errors! But the good future prospect going forward is correct.

Ladies and gentlemen. Fart2 does not know how to read accounts well.

The group recorded profits from operations before tax of RM10.7M.

This is a solid improvement from both the preceding qtr (RM7.2M) and previous year's corresponding qtr (loss: RM1.5M).

The haircut from the sale of Splash is RM267M. Fart2 added in income tax and zakat of RM7M.

Income tax and zakat are not 'loss' from sale of Splash. They are paid out of profits.

@rogers123. Please fart off!

Typo error. I mean to post: KPS's total secured borrowings at RM581M is MORE than as at 30th June 2018 of RM636M and slightly less than as at 31st Mar 2018 of RM575M.

@Clearsky. I concur with you.

Ladies and gentlemen, Fart2 is now a proven con and troll!

But the market will likely react negatively due to emotions even though the hair-cut was already factored in due to the recent drop in price.

Please note: The payment of RM750M is an addition to KPS's current assets which, at RM474 million, already more than offset current liabilities of RM367M. So the expectation of special dividend is still justified!

The write-off of RM274M from the Splash sale is just a book entry against accumulated retained earnings. There is no cash out-flow involved.

The core revenue, profits and profit margins of KPS has vastly improved from the corresponding period last year and is a continuing trend first noted in the preceding quarter.

Also of significance, the gross profit margin (22.7%) is a small but important improvement from the previous quarter (21.1%) and indicates that efficiency is being maintained.

rogers123, please stop spooking the investors with fake analysis. You don't analyse liabilities like you analyse profits.

Liabilities are linked to sales expansion (short term liabilities for working capital purposes) and business expansion (capital investments). The only time you need to worry about an increase in liabilities is when business contracted and you can't service your liabilities or have to roll over your debts at higher interests.

Both current and non-current (i.e. short and long term respectively) liabilities are more than offset by the current and non-current assets. KPS's B/S is a healthy balance sheet in the context of expanding revenue and investments.

But if you insist at looking at the trend, then note that as at 30th Sep 2018, KPS's total secured borrowings at RM581M is less than as at 30th June 2018 of RM636M and slightly less than as at 31st Mar 2018 of RM575M. In fact long term secured borrowing of RM414M as at 30th Sep 2018 is significantly less than RM474M as at 30th June 2018 and as at 31st Mar 2018.
At balance sheet level (real professionals don't just look at the B/S figures because they are an amalgam of many things), total 'liabilities' of RM901M are actually less than as at 30th June 2018 of RM937M.

So please do not spook the investors.

Genting had taken many "dead shots" in the past and still moved on to greater heights. It will be he same this time.

Yeah. I detect signs of price maintenance above 80 sens but not too high. Price likely shoot up later.

@TakeProfits. Yeah, but LGE is cleaning up our pockets in the meantime. The 5% RGPT for all properties held more than 5 years is unjust. It penalise the real investors who held long term and not the speculators. In the meantime, all of MO1's cronies still get to enjoy their illicit wealth! The M40 and B40 are beginning to say, MO1 come back! At least he only clean up the T20 and give BR1M to the B40.

Profit guarantee for 2019 is RM20M not RM8M. RM8M is suppose to be recognised in 1st Qtr i.e. current qtr just reported. So RM8 is deferred to 2nd qtr. So expect to be more than RM8M for 2nd qtr.

PH made soh*is of all the B40 and M40. No more BR1M for a start. They are yearning for MO1?!

B40 kena kaw kaw by PH.

If not this quarter, virtually certain to be next qtr.

Yeah, since PH taken over and LGE as Finance minister, I suffered increase in taxes and bills - electricity, water, RGPT 5%, indirectly from increase tax on Genting. So far I suffer net loss from PH gomen and counting. What do I get so far? Just the sight of MO1 and his cronies being charged in court including his wife. It's getting boring. PH should spare us the drama and just give us back our money!

It's better than both the corresponding qtr last year and the preceding qtr. It's 20% improvement on corr qtr and 25% improvement on preceding qtr. Likely >100% improvement in next qtr with the inclusion of TW's profit guarantee.

TW's profit guarantee of RM8M for this Q not included. This means it will be included in 2nd Qtr. Amount of profit guarantee for next Qtr is RM8M. So Qtr2 PAT is likely to be about RM15M. So price rise all the way to after CNY 2019?

Or time to be greedy!

But what's the exercise price of free warrants, anyone?

But Trackworth only in 2Q of 2018-19. So expect price to be sideways with free warrants possibly sustain price.

FY 2017-18 ended on 30th June 2018. FY 2018-19 starts on 1st July 2018. Therefore next quarter financial results should be 1st Quarter FY 2018-2019 i.e. from 1st July 2018 to 30th September 2018.

@Sean888. Where you get news? Quaterly results not yet in website at time of this posting

It's not MOU. It's a contract. Genting had built the foundations. There are no good reasons for the sell-down. Here are other theme parks that Genting can consider:

https://www.msn.com/en-my/money/companies/3-theme-parks-that-genting-could-replace-20th-century-fox-world-with/ar-BBQ8W7a?ocid=spartanntp

The volumes indicate Funds are selling and pulling out. The Puchong riots did not help.

Forget special dividend. RM250 million guillotine's coming! Fart2 likely will be right before Fart1 gets it right.

Market pulled down by Puchong riots.

Time to stock up for CNY angpow.

No limit down. It's Genting suing. Potential USD1B windfall. Can easily get another theme park or brand its own theme park.

All Q4 always the most profitable quarter. This time comes with dividends?

Fart1's dreams may be coming true.

The big ones yet to bite!

All indicators bullish at the moment. But as I have said, the syndicates control the price.

The price is being 'syndicated' at the moment. They are syndicating for a killing.

I am more interested in the warrant exercise price and ratio.

AWC should go for arbitration and settle out of court.

Wow!

No worry EPF. They have a week to declare their last top-up was 26th Oct which they declared on 31 Oct.

Fart1 I think is correct. KPS' options are many looking forward. Fart2 as usual is too pessimistic.

Don't think so. Genting's sub i.e. Genting Singapore is tipped to get Japan Casino licence.

Chinese companies from what I've heard are dodgy paymasters. The hardware shops would deal with them only by cash.